Web Site : http://www.taghmenenergy.com/

Company Update Webcast Webcast, watch by clicking here

June 2006 Write Up June 06 Oil Barrel Link Here

May 2006 Write Up : http://www.proactiveinvestors.com/registered/articles/article.asp?TAG

May 2006 Research Report : http://www.objectivecapital.co.uk/taghmen.pdf

April 2006 Presentation : http://www.taghmenenergy.com/documents/taghmen_04_06.pps

Email : info@taghmenenergy.com

Company Profile

Taghmen Energy is an independent oil and gas exploration, development and production company which listed on Londons AIM market in January 2005. It is focused on Latin America and has assembled a group of assets in Central America.

Key Points:

Exploration focus is shifting to new hydrocarbon destinations.
Maturing fields in traditional oil producing regions such as the Persian Gulf and the North Sea have prompted companies to seek alternative destinations for hydrocarbon reserves. As a result, there has been a notable increase in exploration activity amongst the former Soviet Union, Latin/Central America and West Africa regions due to their under-exploited reserves. Much of future oil and gas production is expected to come from these emerging hydrocarbon regions.

... and to the development of smaller fields
With the notable exception of those in the former Soviet Union, new regions however offer relatively smaller fields. Their economics make them distinctly attractive for smaller companies but unattractive for the majors. This has prompted larger companies to focus on production, leaving exploration and development of hydrocarbon reserves with smaller companies. Taghmen characterises these emerging exploration trends in the oil and gas sector.

Corporate strategy entails both exploration and production
What is unique with Taghmen is its intent to be engaged in subsequent production as well. Most exploration companies seek to exit upon the prove-up of their reserves through an asset sale to a larger company. Taghmens intent to be a company maker makes it more selective in licence acquisition. It also offers more comfort regarding the reserve potential of its licence areas.

... and is en route to be implemented through an acquisition
Taghmen is in the process of finalizing the acquisition of Petroleos del Norte S.A. (PDN), a Colombian company that operates three fields close to Taghmens licence areas. The proposed acquisition would provide Taghmen with a larger exploration reserve base, a pipeline infrastructure and some producing assets. This reiterates Taghmens commitment to be a producing company rather than a pure exploration play.

High energy prices underpin the profitability of exploration
Rising demand for energy from fast growing economies such as China and the uncertainty in key oil producing regions are likely to keep world energy prices high. This has reduced the risk profile of exploration projects considerably. Current oil prices make even smaller fields financially viable.

Latin/Central American governments are keen to develop their reserves
As the energy needs of these countries mount, the need to develop their hydrocarbon resources has gained eloquence. Governments are keenly seeking foreign investment and have adopted several policy decisions to attract them to their respective countries. Colombia and Guatemala are no exceptions. Taghmen benefits from these developments
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Price guide for Mexican/Guatemalan Oil types (3X looks Olmeca type)
http://pemex.com/files/dcpe/epreciopromedio_ing.pdf


Las Casas Weather Link : http://www.fallingrain.com/world/GT/14/Las_Casas.html

Glossary of terms used in the oil business : Link Here



Las Casas Weather Link : http://www.fallingrain.com/world/GT/14/Las_Casas.html

Glossary of terms used in the oil business : Link Here

Details on what is an oil well : Link Here

Research links ;

http://www.taghmenenergy.com/documents/taghmen_float.pps

http://www.resourceinvestor.com/pebble.asp?relid=8052

http://www.taghmenenergy.com/documents/taghmen_aim_listing.pdf

http://www.findarticles.com/p/articles/mi_m3159/is_8_220/ai_55822340/pg_3

http://www.costaricabusinessclub.com/187/english/news.html

http://www.mbendi.co.za/a_sndmsg/news_view.asp?I=67434&PG=23

http://www.ihsenergy.com/company/pressroom/articles/files/07-05-worldwatch.pdf

http://www.ideasintl.com/news/Articles/TaghmenEnergy.htm

New September 2005 Investor Presentation (MS Powerpoint);
http://www.taghmenenergy.com/documents/taghmen_09_05.pps


Major Shareholders

Significant stakeholders now include Fidelity, Artemis, RAB, Metage and Millennium.

Major Shareholders : Shares in issue: 82.3m


Major Shareholders....................................Amount....................% Holding

Gregory Charles Smith (Dir)......................13,600,001................16.52
Millennium Global High Yield Fund Ltd........7,153,848..................8.69
Chasm Lake Management Services LLC......5,615,385..................6.82
OCH Ziff Capital Management.....................5,200,000..................6.32
Artemis Inv Mgmt Ltd.................................5,000,000..................6.07
Fidelity Management and Research.............4,745,755..................5.77
RAB Energy Fund Ltd................................4,480,770..................5.44
RAB Special Situations LP.........................3,713,077..................4.51
THIRD POINT LLC.....................................2,800,000..................3.40
Moore Capital Management Inc...................2,538,462..................3.08
Liberty Square Asset Management..............2,500,000..................3.04
Meridian Natural Resources High Yield.........2,423,078..................2.94
Metage Funds Ltd.......................................1,897,470..................2.30

Other directors
James De Vaux Guiang (Dir).......................1,000,000...................1.215
Nicholas Hugo Gay (Dir)............................750,000...................0.911
John McNeil Scott (Dir)............................750,000...................0.911

2006 Work Plan For Guatemala and Colombia

Guatemala (Active drilling 2006 to early 2007)



For Las Casas license

Ongoing = Long Term Production Testing - Las Casas 3X
May to July 2006 ***** Sidetrack of Las Casas 1X
July to August 2006 ***** New Well Huapec 2X

For A7-2005 license

June to July 2006 ***** Workover of Tortugas 4 (any order 4/5/2)
July to August 2006 ***** Workover of Tortugas 5
August to Sept 2006 ***** Workover of Atzam 2
May 2006 ***** 2D Seismic at Tortugas / Atzam
June to Sept 2006 ***** 3D Seismic at Tortugas / Atzam
October 2006 onwards ***** Drilling of 3 news wells at Tortugas/Atzam
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Colombia (Process and Prepare ahead of 2007 drilling)



Midas License

May to June 2006 ***** Reprocess old seismic and Well Studies
June 2006 ***** Geochecmical Survey
August to November ***** New Seismic acquisition

La Poloma License

May to June 2006 ***** Reprocess seismic and well studies
July to August 2006 ***** Geochemical Survey
Nov to December 2006 ***** New Seismic acquisition

PDN Colombia

Details to be issued once acquired

IC Write Up : 21st Apr 2006 IC Write Up Link Here
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Research report (12th May 2006) on TAG in the link below :

Here is the comment from Nick Gay -

"please find a research report prepared by objective capital on taghmen.This covers our existing asset base,but does not take into account any impact of the PDN acquisition.Objective capital has also applied its own conservative geological risk factors to the various prospects.Having done this,they calculate a value for the assets of $84.3 million,well in excess of the current stock market valuation.Removing their risk factors indicates a value of $746.7 million.We obviously have a lot to play for !"

http://www.objectivecapital.co.uk/taghmen.pdf

cheers, thats excellent, thanks very much.

Good news today, a a vote of confidence, the company doing the seismic offered to take part payment in shares at 55p, and to think we can still buy in today at less that that :)

Nice post from regalrealm, which sums it up :)


regalrealm114 - 20 Mar'06 - 20:27 - 678 of 680

orvis/gen2- this email is from Nicholas Gay to me at 18:35 today this should clarify the share issue wrights in todays RNS,

RNS Number:0765A
Taghmen Energy PLC
20 March 2006

Thank you for your email. The shares were issued in relation to 6-93 and specifically to a company that is currently carrying out a seismic programme on that licence. The contractor, TerraSeis, offered to take a portion of the cost of the seismic programme in shares. as such they were providing the Company with a vote of support.

We have not therefore "paid out fees for a cancelled licence". I am curious as to why you thought we had.

Regards

Nicholas Gay

I had made a mistake in my earlier post and do apologise, nevertheless this is a positive sign to say that Terra Seis a very happy to take shares in part payment for the work they had carried out on behalf of Taghmen Energy.
If the seismic data did not show positive results I am sure Terra Seis would have taken payment in $$$$$$$$$
Regards E.

A blue day, shock and horror ;)

Maybe we've turned the corner at last, ever patient and waiting is the game!

100K buy at 51.25 this morning firmed everything up.

Has to be a large player buy, to get the slack at below mid price, a very good sign and aother vote of confidence, now we should be able to build from this stage now.

A bit more blue today :) Is this the start of a rise, a good and decent one into some news in a few weeks time ?

Certainly looking much healthier, just got to keep a watch on for further strengthening and movements from here.

Will post what L2 is looking like as I have some free time later today I hope :)

PP,

Why should the exercise of share options cause selling??, just because 1m shares will admitted to the AIM 31 Mar 06, doesn't mean Taghmen Ventures (Gregory Smith) will be selling, does it? A small amount of dilution, but that will always be the case with share incentive schemes. ????????

Its not causing sells, in fact its a good sign. This fall is simply due to tax year end and some people crazily selling at 44p, 46p, 48p..........

Wait a few weeks and see what the price is then..........a good time to buy and add more I think at prices below what Artemis and others paid to get in.

Papal are you confident your estimates made in post 37 about what the BOPD will be come the end of year still stand up?

DB66, edited the timescale until mid 07 :) Then happy now based on final drills being in Q4 this year, so no chance of wells commercially complete until Q1, early Q2 07 for the final drills from the work plan.

Must have been blue for a bit today then :)

Sub 50p to buy for those quick.

Confirmation there of shorters, with a 30K short rollover.

Want to make them hurt, then buy away ;)

It is a rollover short, as before it you had to buy above 50p and now you can buy under 50p as the short is rolled over.

This answers all your questions and all your negative posters, set up and well executed short selling, to be followed in April by a sharp move up when they not only cover but also go long.

Well played to them, and everyone adding at these prices can say thanks for the cheap entry point too :) is my opinion.

Very interesting today that the on line sell limit is moved up a lot and the buy limit reduced a lot, should mean a decent size buy order in the background now.

I think that the strength will slowely come back in now, possibly still weak next week, but after that then no.

The full operations update is coming very soon, and I am expecting it to be rosy in terms of 3X ;) The "bee's knees" ? ;)

Can't wait to get into the next financial year, hopefully then things will start to pick up looking forward to a pros' new year.

Should be Technotamed, new tax year starts on Thursday, I will be adding more TAG Tue or Wed, and then we just await the operations update.

Going to be a strong Q2,3,4 of 2006 for TAG, thats my opinion, and you can quote me on that later, going to be lots of newsflow and lots of things going on.

Apart from 3X being commercial, the next big thing and due to start any time soon is the sidetrack of 1X. Well 1X is very exciting, in the past it has flowed at up to 2500bopd, and what comes from it after the sidetrack could be a very big boost to TAG at the half year. Sidetrack will take around 45 days, and starting any time soon.

TAG is fully funded with cash in the bank to pay for the whole programme, got an exciting plan of drills of workovers for 2006, got 2 new licenses in Colombia to explore in 2007, will have X generating revenues, and soon to be joined by 1X creating revenue, so they then have cash flow coming in. The underlying business is very very strong in my opinion, something that is not reflected in the SP, so its roll on operations update, and then see where we go :)

Added the following to the header, as a reminder of the potential of 1X, the original well was not made into a production well due to politics at the time, that situation is cleared now, and the well will be sidetracked in the weeks ahead, and could provide some very nice news. Sidetrack will be done by Rolln , who also drilled 3X, so no worries on their capability to do a decent drill, they also have the recent experience of drilling 3X to ensure the sidetrack on 1X will yield best results.


A taste of things to come ? 1X is to be sidetracked as the next drill April/May 06 :

http://www.findarticles.com/p/articles/mi_m3159/is_8_220/ai_55822340/pg_3

"Canada's Enterprise Development Corp. tested its Las Casas 1X well in September 1998. The well flowed 38 [degrees] API crude with wet gas at rates up to 2,500 bopd. Testing was suspended to procure higher-capacity test equipment. The company was optimistic that the well will be deemed commercial. The company also plans a horizontal sidetrack of the Las Casas 2x well."